URL: https://wokingham.moderngov.co.uk/ieDecisionDetails.aspx?ID=1454

Decision Maker: Executive

Outcome:

Is Key Decision?: Yes

Is Callable In?: No

Purpose: To inform members of the capital programme outturn for 2024/2025, seek approval for the relevant budget carry forwards and demonstrate effective and safe use of our resources to deliver service improvements and service continuity through capital investments

Content: RESOLVED that the Executive: 1)     noted the outturn position of the capital programme for 2024/25 as summarised in the report and set out in detail in appendix A.   2)     approved and noted the proposed carry forwards in the capital programme as set out in Appendix B.   3)     noted and approved the following budget adjustments to the capital programme which include;     a. An additional £27,997 capital budget in 2024/25 towards classroom, toilet & corridor improvements at Robert Piggott Infant School. This additional budget requirement is funded from a donation received to the Council.   b. An additional £829,704 capital budget in 2025/26 towards active travel fund projects - Woodley/Reading Active Travel Route and a new scheme utilising the additional Active Travel Fund grants. This additional budget requirement is funded from the ringfenced Active Travel Grants (ATF) that have been received by the Council.   c. An additional £74,000 capital budget in 2025/26 towards the A4 Sutton Seeds Bus Priority. The additional budget is funded from a contribution from Reading Borough Council.   d. An additional £78,928 capital budget in 2024/25 and £259,059 in 2025/26. These additional contributions are funded from an uplift to the ringfenced Disabled Facilities Grant received by the Council.   e. An acceleration of £7,840 capital budget from 2025/26 capital programme to 2024/25 to cover costs related to the Expansion of the Wokingham Youth & Community Centre.   f. An acceleration of £3,000 capital budget from 2025/26 capital programme to 2024/25 to cover costs related to the Bush Walk Improvements project.   g. Additional borrowing of £347,500 within the HRA to part fund the acquisition and enhancement of two new properties supporting Adult Social Care accommodation needs. The borrowing will be repaid via the rental income on the properties.   h. A budget virement of £240,000 for Emmbrook School Sixth Form Rebuild Project, to fund the cost of project development and enabling works.

Date of Decision: June 19, 2025